Calamos Strategic Total Return Fund owns stocks, convertible securities and other income holdings. The portfolio seeks capital growth as well as cash, so stock and convertible performance matter alongside interest and dividends.
Business
Equity and convertible CEF
Listing
CSQ · NASDAQ
Reporting period
2026-04-30
Dividend schedule
Monthly
How the business works
Portfolio interest and dividends after costs become net investment income. Stock and convertible gains or losses affect the broader return and net asset value separately.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income-$0.09
Nov 1, 2025 to Apr 30, 2026
-$0.09$0.00
Distribution yield7.78%Sourced distributions divided by dated market priceReported annual income yield-0.93%Reported net investment income $-0.1800 per share for 2024-11-01 to 2025-10-31, divided by approved 2025-10-31 market price $19.3000. Excludes capital gains; historical, not a current yield or forecast.Reported annual investment income$-0.18Per share for 2025 FY. Excludes investment gains.Annual dividend$1.62Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 21, 2026
$0.135
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
How to read CSQ income
Interest and dividends provide recurring income, while conversion features and share prices also affect investment gains and NAV.
Compare income, cash distributions and NAV together. Gains can contribute to payments, so income alone does not describe full distribution support.
Income and distributions
Income and cash distributions per share for the same dated periods. Shorter periods are kept separate and are not annualized. Interest and dividends provide recurring income, while conversion features and share prices also affect investment gains and NAV.
Fund net investment income per common share; actual reporting period, not annualized−$0.0900
$-0.10$0.00
For the six months ended April 30, 2026, CSQ reported a $0.09 net investment income loss and $0.70 of distributions per share. Net asset value rose from $20.83 to $21.72. The cash was not supplied by reported current-period income; the investment result and stated payment components complete the picture.
Portfolio dividends and interest, realized investment results and any option activity contribute to distribution resources after expenses. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 28.08%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
Calamos Strategic Total Return Fund reported $-0.0900 per share for 2025-11-01 through 2026-04-30, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in stocks and convertible securities can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Compare the next like-length income and cash paid with stocks, convertibles, realized results, distribution components and net asset value.
Net asset value (NAV)
NAV per share$22.39Sep 29, 2026Market price$20.40Sep 29, 2026PREMIUM / DISCOUNT TO NAV8.89% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Compare the next like-length income and cash paid with stocks, convertibles, realized results, distribution components and net asset value.
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U.S. federal · Tax year 2025
Dividend tax treatment
The fund's final 2025 breakdown shows mainly capital-gain distributions and ordinary dividends. The mix can change from year to year.
This company information is a guide, not your personal tax statement. Use your Form 1099-DIV when you file.
Ordinary, nonqualified
1.52%
Qualified dividends
14.82%
Capital-gain distributions
83.66%
Return of capital
0%
Tax year: 2025. Total distributions: $1.25 per share.
Tax details and source
Total ordinary dividends (includes qualified)
16.34%
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
Not stated
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
